timwest

Cover Shorts in HD

BATS:HD   HOME DEPOT INC
886 5 2
I think this is a good time to take this trade off. VIX             has popped up a fair amount. We have had a nice post-options-expiration selloff also. Earnings are also behind us and this is the most oversold the stock has been in over a year (using a 6-month rate of change as the measuring stick). I'll hope I don't miss out on the rest of the decline, but the risk-reward from this level is a bit skewed. There is a lot of risk to the stop loss and just a bit of potential return to the target. Let's step aside and re-visit on a rally. Cheers. Tim 11:58AM EST Aug 21, 2013 74.46 last :-)
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StealthTrader
3 years ago
Great Trade
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timwest PRO
3 years ago
Keep your eyes on 77-78. That is where I see re-loading the short position in HD. I may just short on a gap-up opening tomorrow that is greater than 76. 8/26/2013 4:03PM EST
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You're on fire again.
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bernie-mac
3 years ago
how is the trade going tim
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azizamri
3 years ago
ur drawing is fantastic u r an artiest. Good Luke
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